Top Gainers & Losers: Nifty Slumps Below 23250 as Financial Stocks Lead Broad Market Sell-off Today | 24 Sept 2026, 12:00 PM IST
By ThePip Desk
Indian markets face a sharp correction today as the Nifty 50 falls 1.01%. Financial stocks lead the decline while defensive names hold modest gains.
The Indian equity market faced significant selling pressure on Thursday, September 24, 2026. The Nifty 50 index closed at 23210.95, marking a decline of −1.01% or 236 points. The Nifty Bank index underperformed the broader market, finishing the session down −1.66%.
Top Gainers
| Company | Price | Change% |
|---|---|---|
| Cipla Ltd. | 1394.3 | +0.82% |
| Tech Mahindra Ltd. | 1561.7 | +0.30% |
| NTPC Ltd. | 326.55 | +0.17% |
| Bharat Electronics Ltd. | 396.7 | +0.16% |
| Grasim Industries Ltd. | 3193.3 | +0.15% |
Defensive and technology stocks provided a buffer against the broader market decline. Cipla Ltd. gained ground following news that its arm partnered with Qilu for the licensing and supply of QL2107. Meanwhile, Tech Mahindra Ltd. saw positive movement after announcing a partnership with CoRover.ai and the unveiling of its Zero Gravity Telco Architecture.
Top Losers
| Company | Price | Change% |
|---|---|---|
| HDFC Life Insurance | 532.75 | −5.12% |
| Bajaj Finance Ltd. | 993.1 | −4.80% |
| Axis Bank Ltd. | 1193.9 | −3.97% |
| Bajaj Finserv Ltd. | 1778 | −3.71% |
| Hindalco Industries Ltd. | 983.7 | −2.00% |
The session was dominated by a sharp sell-off in the financial services sector. HDFC Life Insurance, Bajaj Finance, Axis Bank, and Bajaj Finserv occupied the top loser spots, reflecting broader weakness in banking and non-banking financial companies. The heavy concentration of financial stocks among the day’s biggest decliners suggests a significant shift in investor sentiment toward the sector.